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Rewards Analyst

Job in Indianapolis, Hamilton County, Indiana, 46262, USA
Listing for: Jobtailor
Full Time position
Listed on 2026-07-13
Job specializations:
  • HR/Recruitment
    Regulatory Compliance Specialist, HRIS Specialist
Salary/Wage Range or Industry Benchmark: 65000 - 90000 USD Yearly USD 65000.00 90000.00 YEAR
Job Description & How to Apply Below
Position: Total Rewards Analyst
Location: Indianapolis

Responsibilities

  • The Total Rewards Analyst is responsible for the operational administration, analysis, and continuous improvement of compensation and benefits programs.
  • Owns day-to-day Total Rewards analytics, reporting, and program execution.
  • Supports strategic program development led by the Total Rewards Program Manager.
  • Conducts market pricing and benchmarking; evaluates roles for grade and salary placement.
  • Maintains pay structures, job architecture, and compensation documentation.
  • Analyzes internal equity, market competitiveness, and pay relationships.
  • Produces recurring compensation reports and dashboards.
  • Tracks key metrics (compa-ratio, range penetration, market index, pay equity indicators).
  • Supports merit, bonus, and incentive cycles (modeling, tracking, reporting).
  • Identifies compression, inversion, and retention risks.
  • Participates in salary surveys and analyzes results.
  • Administers benefit programs including enrollments, life event changes, and employee inquiries.
  • Supports open enrollment execution (system configuration, communications, vendor coordination).
  • Monitors participation, utilization, and vendor reporting.
  • Maintains accurate benefit records and documentation.
  • Develops and maintains IHI’s employee benefits site and employee benefits education.
  • Develops and maintains standardized and self-service HR/Total Rewards reports (e.g., ADP).
  • Reduces reliance on manual report pulls by enabling HR team access and usability.
  • Ensures data integrity across compensation and benefits systems.
  • Delivers analytics to support operational and leadership decision-making.
  • Provides analytical and administrative support for disability and leave management programs.
  • Serves as day‑to‑day liaison with vendors, brokers, and third‑party administrators.
  • Develops, documents, and maintains SOPs for recurring Total Rewards processes.
  • Executes administrative processes aligned with defined SOPs.
  • Supports year‑end activities including open enrollment and compensation cycles.
  • Partners with HR Generalist on job evaluation, leveling, and organizational design.
  • Provides guidance to HR Generalists on compensation and benefits processes.
  • Partners with HR Generalist and managers to administer disability, leave of absence, and accommodation programs.
  • Supports Total Rewards Program Manager with data, analysis, and presentation materials.
Qualifications
  • Minimum Bachelor’s degree in human resources or related field, or 5 years of experience in Human Resources, required.
  • Minimum 1-3 years of benefits, compensation, HR analytics, finance, or related experience; healthcare experience preferred.
  • Knowledge of employee benefits and applicable laws and regulations.
  • Proficiency in Word and Microsoft Office, including Microsoft Excel and PowerPoint.
  • Knowledge of appropriate analysis and application of competitive salary surveys.
  • Strong Excel proficiency skills.
  • Skills with preparing presentations leveraging data analytics.
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